Market News

Columbus Hill Capital Management LP Trimmed Its Energy Transfer Equity LP (ETE) Stake by $8.51 Million; Valuation Declined; Brf Sa (Call) (BRFS) Position Boosted by Point72 Asset Management Lp

BRF S.A. (NYSE:BRFS) Logo

Steve Cohen increased its stake in Brf Sa (Call) (BRFS) by 138.66% based on its latest 2017Q4 regulatory filing with the SEC. Point72 Asset Management Lp bought 290,500 shares as the company’s stock declined 36.10% with the market. The hedge fund run by Steve Cohen held 500,000 shares of the meat and poultry and fish company at the end of 2017Q4, valued at $5.63M, up from 209,500 at the end of the previous reported quarter. Point72 Asset Management Lp who had been investing in Brf Sa (Call) for a number of months, seems to be bullish on the $4.76B market cap company. The stock decreased 2.83% or $0.17 during the last trading session, reaching $5.83. About 6.49 million shares traded or 86.85% up from the average. BRF S.A. (NYSE:BRFS) has declined 41.14% since May 19, 2017 and is downtrending. It has underperformed by 52.69% the S&P500.

Kevin D. Eng decreased its stake in Energy Transfer Equity LP (ETE) by 89.63% based on its latest 2017Q4 regulatory filing with the SEC. Columbus Hill Capital Management Lp sold 500,610 shares as the company’s stock declined 15.73% with the market. The hedge fund run by Kevin D. Eng held 57,890 shares of the public utilities company at the end of 2017Q4, valued at $999,000, down from 558,500 at the end of the previous reported quarter. Columbus Hill Capital Management Lp who had been investing in Energy Transfer Equity LP for a number of months, seems to be less bullish one the $18.30 billion market cap company. It closed at $16.92 lastly. It is down 22.45% since May 19, 2017 and is downtrending. It has underperformed by 34.00% the S&P500.

More notable recent Energy Transfer Equity, L.P. (NYSE:ETE) news were published by: Seekingalpha.com which released: “Energy Transfer Ups Permian Bet” on May 14, 2018, also Foxbusiness.com with their article: “Energy Transfer Equity LP Provides a Glimpse at What’s Going on Behind the Scenes” published on May 16, 2018, Investorplace.com published: “5 MLPs That Should Crush the Market in 2018” on May 17, 2018. More interesting news about Energy Transfer Equity, L.P. (NYSE:ETE) were released by: Seekingalpha.com and their article: “Highlights from Appaloosa’s Q1” published on May 15, 2018 as well as Streetinsider.com‘s news article titled: “Energy Transfer Equity (ETE) Says Delaware Court Ruled in Favor of Convertible Preferred Units Issuance” with publication date: May 17, 2018.

Columbus Hill Capital Management Lp, which manages about $1.68 billion and $1.56B US Long portfolio, upped its stake in T Mobile Us Inc (NYSE:TMUS) by 344,598 shares to 1.09 million shares, valued at $69.23 million in 2017Q4, according to the filing. It also increased its holding in Discover Finl Svcs (NYSE:DFS) by 346,189 shares in the quarter, for a total of 1.05 million shares, and has risen its stake in Monsanto Co New (NYSE:MON).

Analysts await Energy Transfer Equity, L.P. (NYSE:ETE) to report earnings on August, 14. They expect $0.46 earnings per share, up 155.56% or $0.28 from last year’s $0.18 per share. ETE’s profit will be $497.41 million for 9.20 P/E if the $0.46 EPS becomes a reality. After $0.42 actual earnings per share reported by Energy Transfer Equity, L.P. for the previous quarter, Wall Street now forecasts 9.52% EPS growth.

Among 16 analysts covering Energy Transfer Equity LP (NYSE:ETE), 13 have Buy rating, 0 Sell and 3 Hold. Therefore 81% are positive. Energy Transfer Equity LP had 42 analyst reports since October 27, 2015 according to SRatingsIntel. On Tuesday, March 22 the stock rating was maintained by Jefferies with “Buy”. The firm has “Hold” rating given on Friday, August 18 by BMO Capital Markets. On Thursday, May 17 the stock rating was upgraded by Bank of America to “Buy”. The stock of Energy Transfer Equity, L.P. (NYSE:ETE) has “Buy” rating given on Wednesday, April 19 by Jefferies. The firm has “Buy” rating given on Friday, April 6 by Robert W. Baird. The rating was initiated by Mizuho with “Buy” on Friday, September 30. The firm has “Buy” rating given on Tuesday, October 27 by Evercore. The firm has “Buy” rating by Morgan Stanley given on Wednesday, August 30. The stock has “Neutral” rating by Robert W. Baird on Monday, February 8. As per Monday, November 13, the company rating was maintained by BMO Capital Markets.

Investors sentiment decreased to 0.76 in 2017 Q4. Its down 0.12, from 0.88 in 2017Q3. It worsened, as 28 investors sold ETE shares while 111 reduced holdings. 38 funds opened positions while 67 raised stakes. 492.05 million shares or 6.77% less from 527.77 million shares in 2017Q3 were reported. Yorkville Mgmt Limited Liability Com reported 375,846 shares. Murphy Capital Management holds 13,575 shares. Enterprise Financial Ser holds 0.03% of its portfolio in Energy Transfer Equity, L.P. (NYSE:ETE) for 3,917 shares. Advisory Limited Liability Corporation invested in 4,980 shares or 0.01% of the stock. 70,423 were accumulated by Diversified. Zimmer Partners LP stated it has 0.3% in Energy Transfer Equity, L.P. (NYSE:ETE). Evercore Wealth Ltd Liability Corp has invested 0.01% of its portfolio in Energy Transfer Equity, L.P. (NYSE:ETE). 43,307 were accumulated by Ancora Advisors Ltd Liability Corp. Interocean Limited Co reported 0.05% in Energy Transfer Equity, L.P. (NYSE:ETE). 84,874 are owned by Clinton Gru. Denver Inv Advsr Limited Liability Co has invested 0.01% in Energy Transfer Equity, L.P. (NYSE:ETE). Freestone Capital Ltd Company stated it has 248,443 shares. Tortoise Cap Limited Co owns 30.37 million shares for 3.44% of their portfolio. 18,320 were accumulated by Neville Rodie & Shaw. Avenir has 219,382 shares for 0.35% of their portfolio.

Point72 Asset Management Lp, which manages about $23.17B US Long portfolio, decreased its stake in Avexis Inc by 31,026 shares to 612,611 shares, valued at $67.80 million in 2017Q4, according to the filing. It also reduced its holding in Praxair Inc (NYSE:PX) by 102,000 shares in the quarter, leaving it with 156,700 shares, and cut its stake in Xperi Corp (Call).

Among 7 analysts covering BRF S.A. (NYSE:BRFS), 3 have Buy rating, 1 Sell and 3 Hold. Therefore 43% are positive. BRF S.A. had 14 analyst reports since September 16, 2015 according to SRatingsIntel. The stock of BRF S.A. (NYSE:BRFS) earned “Sell” rating by Goldman Sachs on Monday, October 5. As per Friday, May 26, the company rating was maintained by Bank of America. The company was downgraded on Friday, October 30 by Bank of America. As per Monday, January 9, the company rating was downgraded by JP Morgan. On Thursday, October 8 the stock rating was upgraded by Citigroup to “Buy”. The firm earned “Neutral” rating on Monday, March 19 by UBS. On Friday, January 29 the stock rating was upgraded by Deutsche Bank to “Buy”. The firm has “Overweight” rating by JP Morgan given on Tuesday, May 31. The stock of BRF S.A. (NYSE:BRFS) has “Overweight” rating given on Thursday, September 14 by JP Morgan. JP Morgan downgraded the shares of BRFS in report on Wednesday, September 16 to “Neutral” rating.

Energy Transfer Equity, L.P. (NYSE:ETE) Institutional Positions Chart

Leave a Reply

Your email address will not be published. Required fields are marked *